Despite geopolitical disruptions, OPEC sticks to robust oil demand outlook
OPEC has steadily increased its long-term oil demand forecast since the COVID-19 pandemic, which in 2020 had prompted a demand contraction...
Tag : oil
Oil plunges new low amid US-Iran “peace deal,” investors remain cautious
The global energy market has lost millions of barrels of oil and gas supply due to the Iran war, as Middle East's energy facilities came under attack...
Iran war: Singapore’s oil product inventories slump to new low
Singapore's inventories of residual fuel totalled 14.84 million barrels during the week to June 10, hitting their lowest in close to eight years...
Uptick in LNG investments, gloom for oil: Key points from IEA report
IEA sees investments worth USD 2.2 trillion going to renewables, energy storage, power grids and low-emission fuels in 2026...
What the Iran war is doing to everyday life in Britain
Both Iran and the United States tried to play hardball with the maritime chokepoint to get the better of each other at the negotiation table in Islamabad...
Trump’s war, tariffs squeeze American wallets
President Donald Trump's dual strategy of striking Iran and imposing tariffs globally has triggered a severe economic crisis...
Banca d’Italia forecasts sluggish 0.5% economic growth for Italy amid energy crisis
Surging oil and gas prices, combined with geopolitical instability, threaten to stall Italy's economic recovery through 2027, prompting the central bank to urge productivity reforms...
Middle East conflict: Rystad sees massive repair costs for damaged energy facilities
Rystad sees total spending likely to average around USD 46 billion, with downstream refining and petrochemical assets accounting for the largest share...
Chevron, Exxon expect windfall due to higher crude prices
Chevron is now expecting a USD 1.6 billion boost to USD 2.2 billion to its first-quarter upstream earnings versus the fourth quarter of 2025...
Africa faces food security strain as Iran conflict rattles trade
Food prices are being felt mainly by vulnerable African households, given the fact that most countries are still growing at rates below pre-COVID levels...